51 Benkard Avenue, Newburgh, NY, 12550 | $350,000

51 Benkard Avenue sits in the heart of Newburgh's Historic District, offering a two-family brick townhouse with two spacious two-bedroom apartments. Both units are vacant and available, giving a new owner the freedom to set their own rents and put their personal stamp on each space. Whether a light refresh or a full transformation, this property is a blank canvas waiting for the right vision. Generous windows throughout flood each unit with natural light, creating warm and inviting living spaces that future residents will appreciate from the moment they walk in. The classic brick townhouse construction adds character and depth that newer builds simply cannot replicate. A brand new roof tops the investment, complemented by updated heating and hot water infrastructure, so the heaviest lifting is already done. Buyers can step into ownership with confidence and direct their budget toward finishes and personal touches rather than costly system replacements. The location adds everyday convenience that renters consistently seek out. Steps from Liberty Street, future residents will enjoy close access to cafes, restaurants, boutique shops, and some of the Hudson Valley's most storied architectural landmarks. Major roadways are easily accessible, and the commute to New York City is straightforward. 51 Benkard Avenue is a genuine opportunity for anyone looking to invest in the Hudson Valley real estate market. Solid bones, updated systems, and a well-located address in one of the region's most talked-about urban neighborhoods make this a property worth a serious look.

Features

  • Bedrooms: 4
  • Baths: 2 full
  • Style: Duplex
  • Year Built: 1880
  • Heating: Natural Gas, Other
  • Cooling: None
  • Basement: See Remarks
  • Acreage: 0.07
  • Est. Taxes: $7,879
  • Elem. School: Newburgh
  • Middle School: Newburgh
  • High School: Newburgh Free Academy
  • School District: Newburgh
  • MLS#: 1009377
  • Days on Market: 5 days
  • Website: https://www.raveis.com
    /prop/1009377/51benkardavenue_newburgh_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Corcoran Country Living   Phone: 845-765-4888

William Raveis Family of Services

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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51 Benkard Avenue, Newburgh, NY, 12550

$350,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $280,000 $280,000 $280,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.990% 6.490% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.370% 6.615% 5.952%
Monthly Tax Payment $657 $657 $657
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,677 $1,768 $2,325
Total Monthly Payment $2,409 $2,500 $3,057

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.